Fraser Valley Market Update: November 2026
In October 2026 the Fraser Valley was a buyer's market overall, with a board sales-to-active ratio of 11%. Langley townhomes were the standout at 29.2%, seller's market territory. Detached homes moved from a buyer's market to balanced as sales rose, even though the detached Benchmark is still down 8.5% from a year ago.
These are October 2026 numbers, released by the Fraser Valley Real Estate Board on November 3, 2026 and by Greater Vancouver REALTORS® on November 2, 2026. Every price here is the Benchmark, the price of a typical home, which tracks the market better than an average that one big sale can swing. If you want the short version: the board as a whole still favours buyers, but a couple of corners of it don't, and those are the ones worth knowing about before you make a move.
Langley Townhomes Are in Seller's Territory
Here's the number that jumped out at me. Langley had 76 townhome sales in October against 260 active listings, a sales-to-active ratio of 29.2%. A year ago it was 22.5%. Across the whole board the ratio was 11%, so Langley townhomes are running at more than double the pace of the market around them.
It's not just a low-inventory story either. Langley townhome sales rose 7.0% from October 2025, while townhome sales across the board fell 17.6%. Active listings dropped 17.7% to 260, which works out to 3.4 months of supply. The Langley townhome Benchmark was $800,600, down 3.7% from a year ago, the smallest yearly drop of any home type in Surrey, Langley, Maple Ridge or the board total.
If you're buying a townhome in Langley, plan for competition on the good ones and have your financing lined up before you look. If you're selling one, this is about as strong a position as you'll find in the Fraser Valley right now, though a 29.2% ratio still doesn't mean any price works. For the bigger picture on the area, the Langley real estate market guide covers what buyers and sellers need to know.
| City | Home Type | Benchmark | 1 Year | Sales | Sales-to-Active |
|---|---|---|---|---|---|
| Langley | Detached | $1,448,100 | -6.5% | 59 | 13.6% |
| Langley | Townhome | $800,600 | -3.7% | 76 | 29.2% |
| Langley | Apartment | $522,300 | -8.4% | 60 | 14.9% |
Langley is one combined figure for the Township and the City, as FVREB reports it. Source: FVREB, October 2026.
Detached Moved From Buyer's to Balanced
Detached homes were the only property type on the board selling more than a year ago. There were 384 detached sales in October, up 1.6% from October 2025, while active detached listings fell 15.8% to 2,994. That pushed the detached sales-to-active ratio from 10.6% a year ago to 12.8%, which moves it out of buyer's market territory and into balanced.
The catch is price. In October 2026 the board detached Benchmark was $1,293,800, still down 8.5% from a year ago and 0.5% from September. More sales on fewer listings usually firms prices up over time, but it hasn't shown up in the Benchmark yet. FVREB's chair tied the sales to improving detached affordability, and that fits: prices that have come down this far are bringing buyers back.
If you've been waiting on a detached home, you still have room to negotiate, but less than you did a year ago. If you're selling, the drop in competing listings helps you, as long as your price reflects where the Benchmark actually is today and not where it was in 2025.
Tools & Resources
Run your own numbers before you make a move, and see which neighbourhoods fit how you live.
The Fraser Valley Board at a Glance
Across the whole board there were 1,051 sales in October, down 6.4% from a year ago but up 14.0% from September. New listings fell 14.0% from a year ago to 2,551, and active listings were down 9.5% to 9,164. The composite Benchmark was $860,000, down 0.1% from September and 6.4% from October 2025. Homes took a while to sell, too: on average 50 days for a detached home, 37 for a townhome and 44 for an apartment.
| Area | Home Type | Benchmark | 1 Month | 1 Year | Sales-to-Active |
|---|---|---|---|---|---|
| Fraser Valley Board | Detached | $1,293,800 | -0.5% | -8.5% | 12.8% |
| Fraser Valley Board | Townhome | $742,300 | -0.4% | -5.5% | 17.2% |
| Fraser Valley Board | Apartment | $460,800 | -0.2% | -8.1% | 11.6% |
Source: FVREB October 2026 Monthly Statistics Package. Days on market are board-wide averages from the same release.
Surrey: Detached Firming, Condos Still Soft
Surrey here means the City of Surrey as a whole: North Surrey, central Surrey, Cloverdale and South Surrey & White Rock combined. In October 2026, detached sales rose 4.5% from a year ago to 186, and the sales-to-active ratio climbed from 9.6% to 11.4%. The detached Benchmark was $1,380,100, down 7.7% from a year ago.
Condos are the soft spot. Surrey apartment sales fell 27.9% from a year ago to 101, the sales-to-active ratio was 9.5% and the central Surrey apartment Benchmark was down 12.2% from a year ago, the steepest yearly drop of any area in this update. If you're a first-time buyer looking at a Surrey condo, that's real negotiating room. If you're selling one, price it for a buyer's market from day one.
| City | Home Type | Benchmark | 1 Year | Sales | Sales-to-Active |
|---|---|---|---|---|---|
| Surrey | Detached | $1,380,100 | -7.7% | 186 | 11.4% |
| Surrey | Townhome | $757,300 | -5.5% | 132 | 14.4% |
| Surrey | Apartment | $443,900 | -9.6% | 101 | 9.5% |
City of Surrey combined. Benchmark and sales: FVREB October 2026 package. Sales-to-active: FVREB Stats Centre.
Maple Ridge Apartments Had a Big Month
Maple Ridge is reported by Greater Vancouver REALTORS®, not the Fraser Valley board, so its numbers come from a separate package. In October 2026 the composite Benchmark was $864,000, down 2.1% from September and 8.4% from a year ago. Apartments moved the most: the Benchmark dropped 6.2% in a single month to $481,600, while apartment sales in Maple Ridge and Pitt Meadows combined went from 22 in September to 32 in October.
That 6.2% is one month on a small number of sales, so I wouldn't read it as a trend. What it does tell you is that buyers were active at those lower prices: the Maple Ridge apartment sales-to-active ratio jumped from 9.6% to 17.6%. Detached homes were busier too, with a ratio of 15.5%, up from 11.3% a year ago.
| City | Home Type | Benchmark | 1 Year | Sales (Maple Ridge & Pitt Meadows) | Sales-to-Active |
|---|---|---|---|---|---|
| Maple Ridge | Detached | $1,138,500 | -8.6% | 79 | 15.5% |
| Maple Ridge | Townhome | $686,600 | -9.5% | 35 | 15.8% |
| Maple Ridge | Apartment | $481,600 | -8.3% | 32 | 17.6% |
Benchmark and sales: Greater Vancouver REALTORS® October 2026 package. Sales counts are Maple Ridge and Pitt Meadows combined. Sales-to-active is Maple Ridge alone (FVREB Stats Centre).
What the Rate Hike Means for You
On October 28, 2026 the Bank of Canada raised its policy rate 25 basis points to 2.50%, after holding at 2.25% at every decision since October 29, 2025. FVREB's October release mentioned rates "recently moving higher and the possibility of further increases". The next decision is December 9, 2026.
If you're on a variable rate or renewing soon, run your payment at the new rate before you plan anything else. If you're buying, get a pre-approval that reflects today's rate, not the one from your last conversation with a lender. A quarter point won't make or break most purchases, but it changes what a comfortable budget looks like.
My Take for November
The Fraser Valley is still a buyer's market on the whole, and most prices are lower than a year ago. Under that, though, the market is splitting. Langley townhomes and, to a lesser degree, detached homes across the board are tightening, while condos in Surrey are where buyers have the most leverage right now.
If you're buying a townhome in Langley, move with your financing ready. If you're after a condo, especially in Surrey, take your time and negotiate. And if you're selling, the number that matters is your own home type in your own area, not the board headline.
Frequently Asked Questions
Is the Fraser Valley a buyer's market right now?
Board-wide, yes. The Fraser Valley Real Estate Board reported a sales-to-active ratio of 11% in October 2026, and anything under 12% is a buyer's market. Detached homes (12.8%) and townhomes (17.2%) sat in balanced territory, while apartments were at 11.6%.
Why are Langley townhomes selling so fast?
In October 2026 Langley had 76 townhome sales against 260 active listings, a 29.2% sales-to-active ratio. Sales were up 7.0% from a year earlier while active listings fell 17.7%, so more buyers were chasing fewer homes.
Are Fraser Valley detached prices still falling?
The board detached Benchmark was $1,293,800 in October 2026, down 8.5% from a year earlier and 0.5% from September. Sales were up 1.6% year over year, though, and that pushed the detached market from buyer's territory into balanced.
What is the Bank of Canada rate in November 2026?
The Bank of Canada raised its policy rate 25 basis points to 2.50% on October 28, 2026. Its next scheduled decision is December 9, 2026.
What does sales-to-active ratio mean?
It's the number of sales in a month divided by the number of homes listed for sale. Under 12% is a buyer's market, 12% to 20% is balanced and over 20% is a seller's market.
How are Maple Ridge home prices doing?
The Maple Ridge composite Benchmark was $864,000 in October 2026, down 2.1% from September and 8.4% from a year earlier, according to Greater Vancouver REALTORS®. Apartments dropped 6.2% in a single month, which is one month on a small number of sales, not a trend.
Sources: FVREB October 2026 Monthly Statistics Package and Stats Centre, Greater Vancouver REALTORS® October 2026 Stats Package, Bank of Canada. Read November 8, 2026.
Alex Dunbar Personal Real Estate Corporation
REAL Broker BC Ltd. | Living in the Lower Mainland
Buying, selling or investing in the Lower Mainland? Whether you're new to the area or a longtime local, I'll help you make the right move. Book a 30-minute no-pressure call with me and we'll figure out what works best for you.
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